Dinu Patriciu’s profile picture

Dinu Patriciu

Dinu Patriciu’s profile picture
Net worth 2018: $1.5 Billion
Industry: Oil
Country: Romania
BirthDay: 3 August 1950
Sigh: Virgo
Died On: 19/08/2014
Children: 2
BIOGRAPHY

Dinu Patriciu was bornon 3 August 1950 in Romania. Dinu Patriciu has been investing cash from the 2008 sale of his oil company, Rompetrol, to Kazakhstan's state-owned energy operator, Kazmunaigaz, in real estate, retail and oil and gas exploration. His retail efforts are faltering; in February, his MiniMax Discount filed for bankruptcy and his Mic. ro stores are rumored to be sold off to 7-Eleven. Patriciu himself has warned that Europe might be headed for a second recession. Nevertheless, Patriciu is committed to his energy project, reportedly planning to spend up to $1 billion to look for Black Sea oil and gas. He also owns Adevarul Holding which publishes Forbes Romania under license from Forbes Media LLC.

NET WORTH STATISTIC
2010

$2.2 Billion

2011

$2.2 Billion

2012

$1.5 Billion

2018

$1.5 Billion

TIMELINE
2014

Patriciu died on 19 August 2014, aged 64 at the Royal Free Hospital in London due to a lung infection after spending several days in hospital

2012

Patriciu was diagnosed with cirrhosis and he underwent a liver transplant in Milan in 2012

2011

He previously, in 2011, liquidated his worth €110 million portofolio of Swedish property, as well as some properties in Paris and Hague

2009

During the 2009 Romanian presidential election, Patriciu released a video which President Băsescu appeared to hit a boy; Traian Băsescu sued for libel and won

2007

In 2007, President Traian Băsescu accused the then-Prime Minister Călin Popescu-Tăriceanu of sending him a note in 2005 asking to influence the political investigations of Dinu Patriciu, an ally of Popescu-Tăriceanu

2006

In May 2006, following an interrogation, Dinu Patriciu was arrested for 24 hours, being accused of tax evasion, money laundering and fraud

2003

The 570 million € debt of Rompetrol to the Romanian state was converted in 2003 into bonds by the Adrian Năstase Government

2001

In 2001, Petromidia Năvodari, the largest refinery in Romania was sold to Rompetrol for $50 million

2000

In 2000, Rompetrol took over Petros, Romania's only oil well services company at the time, renaming it Rompetrol Well Services

1999

Patriciu was accused of being involved, as CEO of Rompetrol, in a case of embezzlement in 1999-2001

1998

In 1998, he bought from the Romanian government the oil company Rompetrol

1996

Patriciu was an unsuccessful candidate for Mayor of Bucharest in the Romanian local election, 1996

1991

In 1991, he was named the Minister for Public Works and Territorial Planning

1990

In 1990, he founded the first private company in Romania, "Alpha", having architecture and constructions activities

1950

Dan Costache ("Dinu") Patriciu (Romanian pronunciation: [ˈdinu paˈtrit͡ʃju]; 3 August 1950 – 19 August 2014) was a Romanian billionaire businessman and politician

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